(Reuters) – U.S. companies borrowed nearly 8% less in April than last year to finance equipment investments, industry body Equipment Leasing and Finance Association (ELFA) said on Wednesday. The companies signed up for new loans, leases and lines of credit worth $9.7 billion last month, compared with $10.5 billion a year earlier. “It is not…
(Reuters) – Union Pacific Corp and the Brotherhood of Locomotive Engineers and Trainmen on Wednesday reached a tentative deal for the U.S. railroad operator’s locomotive engineers. Union Pacific, which employs around 5,600 locomotive engineers represented by BLET, said that the tentative agreement provides locomotive engineers to work for 11 days and take off for four…
By Arriana McLymore NEW YORK, NY (Reuters) – Amazon.com Inc investors voted against all 18 shareholder-led proposals during the e-commerce giant’s annual meeting on Wednesday, a preliminary tally by the company showed. The total exceeded Amazon’s 2022 record of 15 as environmental, social and governance (ESG)-focused investors pushed for changes ranging from warehouse workers rights,…
WASHINGTON (Reuters) – The International Monetary Fund said on Wednesday its executive board completed the first reviews of Rwanda’s loan program under the Resilience and Sustainability Facility and an accompanying policy program, allowing for an immediate, $98.6 million disbursement. In a statement, the Fund said Rwanda’s economy had robust growth in 2022 but faced challenges…
By Ross Kerber (Reuters) -Top fund manager BlackRock Inc won support from investors at its annual meeting on Wednesday as it seeks a middle ground in debates over its environmental, social and governance (ESG) policies. BlackRock said each of its director nominees received “well over a majority” of votes cast at the meeting, held online,…
By Jack Queen (Reuters) – Rapper Fetty Wap was sentenced on Wednesday to six years in prison after pleading guilty in New York federal court to participating in a large-scale drug distribution ring. The “Trap Queen” rapper, whose legal name is William Maxwell, admitted to distributing 25 kilograms (55 pounds) of cocaine. Prosecutors said he…
By Huw Jones LONDON (Reuters) -The European Union set out plans on Wednesday to cut how much retail investors pay banks and insurers for financial products to encourage investment and make its capital market deeper and more efficient. The retail investment package toughens up existing EU investment laws by including a ban on banks and…
By Patricia Zengerle WASHINGTON (Reuters) -A new U.S. congressional committee on China approved reports on Wednesday pushing back on Beijing over its treatment of Uyghurs and other ethnic minorities and seeking to deter the initiation of a conflict with Taiwan, hoping some of its recommendations become law this year. Members of the Republican-led House of…
By Krystal Hu and Arriana McLymore (Reuters) – Online fashion giant Shein is exploring plans to build a factory in Mexico as one of its manufacturing hubs outside China, sources familiar with the matter told Reuters, as the company faces increased scrutiny from U.S. lawmakers and looks to expand its Latin America footprint. The factory,…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose 2% on Wednesday, after a large unexpected drawdown in U.S. crude inventories and a warning from the Saudi energy minister that raised the prospect of further OPEC+ production cuts. Brent crude futures rose $1.52, or 2%, to settle at $78.36 a barrel. U.S. West Texas Intermediate…
